Job Description

We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.

Working Arrangement

Hybrid



SOURCING MANAGER

The Sourcing Manager reports to Director Sourcing Management and is responsible for the end-to-end execution of the sourcing process for large complex sourcing and contracting for Consulting and Professional Services initiatives . The incumbent oversees sourcing strategy development, supplier selection and contract negotiations consistent with an overall Sourcing strategy and business unit objectives. The Sourcing Manager will lead project teams that include business unit stakeholders, subject matter experts and Sourcing Analysts. It is expected that the individual will bring extensive experience and expertise in the areas of Professional Services, Consulting, Business Process Outsourcing to contribute to the development and application of procurement and sourcing best practices across the organization.

Individual Responsibilities:

• Lead cross-functional teams to execute on medium to high value/complexity sourcing projects and contracting efforts
• Determine sourcing strategy and conduct analysis and negotiations for projects.
• Generate and leverage market and supplier intelligence and data for development of sourcing and negotiation strategies.
• Work with business partners to collect and finalize requirements necessary to evaluate and select suppliers
• Establish deal teams for large sourcing engagements
• Develop terms sheet based on negotiation strategies, with input from the business partners.
• Proactively coordinate and schedule external resources and subject matter experts (legal, risk, finance, etc.)
• Drive and lead the contract negotiation process, with consultative support, as required, from legal and risk.
• Track, monitor, and manage sourcing and contracting agenda across the category including progress, risk, and benefits development and realization
• Interface directly with business partners and vendor/contract managers
• Oversee and support vendor/contract managers in execution of business-led initiatives assigning internal support resources as necessary.
• Independently provide direct leadership and support to a team of direct and indirect reports on sourcing projects. Provide strategic thought leadership to team.

Job Requirement:

• Undergraduate degree (business preferred)
• 4+ years of progressive business experience in global Procurement or supply chain management
• Sourcing experience in any of the following categories:

• Professional Services, Information Technology, Health, Dental, Paramedical, Disability
• In-depth knowledge of sourcing and procurement principles and best practices
• In-depth experience and expertise with supplier contractual terms and conditions to mitigate legal and business risk
• Experience with sourcing and procurement systems and tools
• Strong analytical skills with high proficiency in MS Excel
• Technical and professional knowledge \xe2\x80\x93 demonstrated understanding and application of procurement and contracting principles and best practices.
• Problem analyzer and decision maker \xe2\x80\x93 effectively searches and uses industry and market insights; able to assimilate, synthesize, and present complex information in a value-added form; attention to detail; evaluates feasibility and practicality of ideas and options; takes ownership and makes informed and timely decisions.
• Proven innovator \xe2\x80\x93 expert in identifying and implementing change management and business process transformation; consistently challenges the status quo; takes balanced risks to promote growth of ideas; comfortable in high pressure environments.
• Strategic thinker \xe2\x80\x93 thinks conceptually beyond day-to-day business realities; creates a clear vision and goals and adopts a long-term perspective; anticipates emerging issues.
• Global thinker \xe2\x80\x93 dedicated to improving the Company\xe2\x80\x99s competitive position on an enterprise and global level; understands and is respectful of what works in different parts of the world and what doesn\xe2\x80\x99t.
• Team builder \xe2\x80\x93 builds strategic partnerships with internal clients and vendors; builds buy-in and engagement with key stakeholders.
• Skilled communicator \xe2\x80\x93 communicates complexity with clarity and ease; articulates a clear view of concepts, ideas, and objectives; able to interface with different stakeholders at all levels; represents the company externally with confidence; skilled in both oral and written communication.
• Collaborator \xe2\x80\x93 shares resources and leverages knowledge across the organization; builds and nurtures an extensive network.
• Proven experience in delivering large savings and value in a procurement function
• Passion for the success of the procurement operating model
• Strong customer service orientation: adept at cultivating and sustaining value-add business partnerships with internal stakeholders at a senior executive level
• Able to work in a cross-functional international team environment and collaborate effectively across different organizational levels, functions, businesses, and geographies to realize procurement goals and objectives
• Focused on managing and meeting sometimes conflicting objectives priorities
• Ability to move others towards a position (point of view), with or without authority, by setting expectations and communicating expertise and a compelling rationale with an enterprise-wide mindset
• Commitment to continuous improvement

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as \xe2\x80\x98MFC\xe2\x80\x99 on the Toronto, New York, and the Philippine stock exchanges, and under \xe2\x80\x98945\xe2\x80\x99 in Hong Kong.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact .

Salary & Benefits

The annual base salary for this role is listed below.

Primary Location Toronto, Ontario

Salary range is expected to be between $82,500.00 CAD - $148,500.00 CAD

If you are applying for this role outside of the primary location, please contact for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact for more information about U.S.-specific paid time off provisions.

Manulife